This is an unformatted preview. Please download the attached document for the original format.Corporate Finance FIN3030Week 1, Assignment 3: Quantitative Exercises and ValuationPart One: Application, Time Value of Money Calculations1. Future Value. What is the future value ofa. $572 invested for 5 years at 15 percent compounded annually?b. $449 invested for 15 years at 14 percent compounded annually?2. Present Value. What is the present value ofa. $592 to be received 8 years from now at a 14 percent discount rate?b. $1167 to be received 7 y